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Most business owners rely greatly on their commercial property to host company operations, sell their goods and socialize with their clientele. The property could be the face of the business, similar to the largest corporations like McDonald’s and Target. However, there is a huge fear of losing that property during a bankruptcy filing. No one wants to risk losing their…
Bankruptcy is confusing and even frightening to many people. If you don’t understand how bankruptcy works, you might overlook both benefits and risks associated with filing. One of the most important decisions regarding bankruptcy that you will make, other than realizing you need bankruptcy protection, is determining what form of it bankruptcy to file. Most individuals who file for bankruptcy…
While most people don’t think about tax season around the holidays, it’s critical to think ahead and start thinking about how your decisions may influence your financial future, including the 2021 tax season. For most people dealing with financial woes, the last thing they want to think about is sharing their income with the government, but the Internal Revenue Service…
People who find themselves considering bankruptcy due to financial hardship often worry about the long-term implications of bankruptcy. Misinformation abounds on this topic, and many people are quick to claim that filing bankruptcy means losing your home. While it is true that Chapter 7 bankruptcy proceedings may sometimes require the liquidation or sale of assets to repay creditors before a…
Countless Americans live their lives on the edge of financial peril. One significant life event can spell disaster. Facing divorce, job loss, home repairs or medical emergencies can negatively impact household finances for years to come. Many hardworking individuals consider filing for bankruptcy as an admission of failure – a financial worst-case scenario. Too many people continue to fight to…